Member Info for Jonmo91

I think the maths was the bigger problem

So Lonny waited until after his deadline to not post anything and delete his account. PG interview acting like he was on his last legs. GRH……well? This whole thing stinks. Be careful going forward.

They are being traded, no elaborate play from an entity. It’s an absolute s h i t show from PG. Regardless of Lonny’s meltdown there has been an increasing lack of any clear strategy from PG. It’s caught up with him.

I don’t think he’ll do one at these prices. The point being made was he’s said ‘fully funded’ in some form and raised pretty soon after on previous occasions.

All down to MOU3 shallow testing being successful short term now with a possibility of an Ireland update bump.

If he doesn’t declare a commercial find it will still be invaluable for the next drill location. It’s the nature of exploration. If he sticks to shallow MOU3 and gets cash in for that it’s a solid plan. He need to strengthen the books or any farm out for 3D will be on poor terms.

The problem is it’s this weeks message. Now cash conservation and MO3 low hanging fruit. Next week he could be doing MOU6.

Fully funded near term has led to placements the last few times. Even PG shouldn’t be crazy enough to do a raise at these prices.

July all over the RNS, nothing wrong if he sticks to it but in this market it’s miles away hence the volatility.

At face value a decent update if not taking into account PG previous for missed timelines.

Possible Ireland news to come and whatever the MOU5 analysis is. As has been said, it’s gone longer term.

GLA

Not sure why all the lower case.

pg has consistently changed his strategic approach. although this is understandable in this industry after each additional drill with information received, he has become more and more scattershot as time has gone on. it’s got to the point he’s doing u turns on what he’s testing within weeks. the market doesn’t trust him, and why should they, he delivers on nothing he sets out other than drilling. he has raised and rns testing on every well multiple times and only tried the deeper sands at mou3. he doesn’t care for the share price, only the knock on effect is lower and lower placing levels, higher dilution. he is now over a barrel with 3d being needed. all along most investors were saying test and raise at a higher price, that clearly only works if you get something flowing.

in terms of people investing based on certain individuals, they didn’t sell on two intra day highs over 20p over the last five years but let a load go on near five year lows under 3p. now it’s bounced it’s all doom and gloom even though they presumably have ‘some’ shares left. pg does talk a good game, there’s always a bigger bull ****ter. funny old world indeed.

i haven’t posted much in the last 18 months - 2 years as this board had become a shambles. i sold some after pgs rant in a hat inside with no workman on site. i hold some in the event it jumps but not so much i care too much if it goes bent.

i believe there are commercial hydrocarbons there, it’s how much it costs prd to find them. gla.

I’ve been in a while since 3.5p.

I haven’t posted for a year since last years shambles around July and August.

Both sides are at it. Interesting to watch and not engage.

Nothing Jimmy says is technically wrong, but Lonny doesn’t tweet a lot anymore and to just carry on going like it didn’t happen is more than telling.

Jimmy turn it in.

PRD are moving one way or another in the next couple of months. You’re in or out.

There’s been plenty of people on here who said they read it to see how poor it is. He/she is denying it’s him to keep the argument going. People thinking their clever are doing what he/she wants.

Yes i realising I’m doing the same under this thread which he actually been named oil man jim.

This board has become unreadable. I won’t be reading or posting anymore, not that I offer anything!

GLA genuines.

All L10 wants is ‘Oil man Jim’ to continually be mentioned for the publicity under ‘no publicity is bad publicity.’ Says something contentious and everyone is jumping on it and they get what they want. That and any informative post gets pushed off the page.

We won’t know for sure until they expand but my understanding from previous RNS is the CNG would be more of a financial work up to sell on to the purchaser. That may have changed with them proving up 0.36 BCF to a single user.

With residual MOU4, extended testing, MOU5/Jurassic and T and T commitments near term I’d be surprised if any of the £10m was for the actual physical CNG side. I’d expect that to be financed separately.

Either way we’ll know soon enough.

Can’t see CNG development studies needing long lead items. Sounds like items for MoU5/Jurassic drill.

Perhaps they need no long lead items for re entry. Just the correct mud. Would that keep the star valley rig under contract while they pursue the necessities for MOU5 or whatever they’ll call it?

I would think PG has bought enough goodwill since he’s been there, especially with Lonnys contacts. He definitely sped up considerable in the last 6 months. Maybe the goodwill bought him time.

If it’s a major hydrocarbon discovery you’d expect a small cap to get squeezed at some point. With no debt and a healthy bank balance I wonder what the angle will be.

I guess the answer would be is it dirty ticks to shake Pis out or dirty tricks to run interference on the flow testing to delay the results

GRH answered a couple of times that he’d neither bought or sold recently, not that he needed to clarify. About as stupid as asking him to clarify if he was inside.

Nigel, others berate you. I take the view that it’s not your fault as there’s no cure for being a c**t. Was it nature or nurture? Was you born one or was it society? Seems a you problem though.

All the spivs posting on here saying placing imminent and sell. Worked hard to get that average down to push for that 11p. The market will take it towards the placing price anyway. All disappeared now. Doesn’t take a genius to work out who they work for.